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  • #403,401
  • Mar 9, 2011 9:12am Mar 9, 2011 9:12am
Quoting doughnut
I am trading the big picture we should see 400 pips to the down side within 10 days 1.27 by May
Here is my chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-03-09 at 7.52.51 AM.jpg Size: 212 KB
Trade less make more!
  • #403,402
  • Mar 9, 2011 9:20am Mar 9, 2011 9:20am
Quoting doughnut
Here is my chart
It is a good analysis, however we are still too close to the upper range to know for sure if it will bounce, a break to 1.41 would basically invalidate it.
  • #403,403
  • Mar 9, 2011 9:21am Mar 9, 2011 9:21am
Quoting T@rantula
USDCHF bought 92.79

s/l 92.64 ( include spread)


just a perfect entry.


Again enjoy pips provided by T
  • #403,404
  • Mar 9, 2011 9:22am Mar 9, 2011 9:22am
Quoting T@rantula


just a perfect entry.


Again enjoy pips provided by T
What made it shoot up so?
  • #403,405
  • Mar 9, 2011 9:24am Mar 9, 2011 9:24am
Quoting AllyB
What made it shoot up so?
tweezers bottom vs support and 3 bullies. STO o/s on h1, channel bottom.

Good confluence
  • #403,406
  • Mar 9, 2011 9:24am Mar 9, 2011 9:24am
Quoting Tenshi28
It is a good analysis, however we are still too close to the upper range to know for sure if it will bounce, a break to 1.41 would basically invalidate it.
Looking at fundamentals i really cant see it going any higher than like you say 1.41 there is divergence on daily and 8 hr chart is showing some promise
Trade less make more!
  • #403,407
  • Mar 9, 2011 9:26am Mar 9, 2011 9:26am
Quoting T@rantula
tweezers bottom vs support and 3 bullies. STO o/s on h1, channel bottom.

Good confluence
you the man!
  • #403,408
  • Mar 9, 2011 9:30am Mar 9, 2011 9:30am

http://www.forexfactory.com/showpost...stcount=403403
Money is made by sitting, not trading. Jesse L. Livermore
  • #403,409
  • Mar 9, 2011 9:31am Mar 9, 2011 9:31am
Hi,

Had an ugly day but still in the mood hehe

Well i think weekly highs will be visited from last month or at least 4080.

Have a bad entry but think this will work out with a stop below 3890.
Im in at 3927 like i said a bad entry.

Had a short in the morning and left the pc and got s/o for -50. Got to get them back..
  • #403,410
  • Mar 9, 2011 9:36am Mar 9, 2011 9:36am
Quoting Vladimir1987
Hi,

Had an ugly day but still in the mood hehe

Well i think weekly highs will be visited from last month or at least 4080.

Have a bad entry but think this will work out with a stop below 3890.
Im in at 3927 like i said a bad entry.

Had a short in the morning and left the pc and got s/o for -50. Got to get them back..

Its not gonna go anywhere past 1.3950 today ....
No bull strength @ all
  • #403,411
  • Mar 9, 2011 9:38am Mar 9, 2011 9:38am
Quoting AllyB
What made it shoot up so?
There are technical reasons, but POMO certainly didn't hurt. Which brings me to the question of the day.........what if there is no QE3? Or, what if there is a significant delay before QE3 is announced? Food for thought....

OPPPs....just realized you're talking about USD....thought you were talking about EU jump...sorry...
  • #403,412
  • Mar 9, 2011 9:38am Mar 9, 2011 9:38am
Quoting aarontdang
Its not gonna go anywhere past 1.3950 today ....
No bull strength @ all
The day is young, and it was bought off 3900 for a reason. I agree though, we need more strength that what we have seen in the last 30 mins.
  • #403,413
  • Mar 9, 2011 9:39am Mar 9, 2011 9:39am
short: 3927
Tp: 39
Trade what you see, Not what you think.
  • #403,414
  • Mar 9, 2011 9:40am Mar 9, 2011 9:40am
Quoting mercy seat
How do you define 'trading systems' ?

Which are the ones that you do know ?


;-|
Some years ago I also used systems for trading. By using systems I got some knowledge about indicators and what they do.

Most systems work ONLY in trending conditions. By using various indicators they give u the opportunity to jump into a trade and make a profit.

That is the problem. We usually have RANGE not TREND so its then when 90 % of systems fail. If you are trading the system and not PA itself, there is a good opportunity to lose ur money when a currency pair u trade enter a range.

If trading is so easy, almost anyone could trade a system and make money. But in reality it just doesnt work. You need knowledge of PA and eastern indicators ( candlesticks) and (for me) a combination of eastern wisdom and western energy. So a combination of PA indicators such as Candlesticks, patterns, fibs, s/r levels, BB, MAs...(western indis)

Psychology also plays a great role in trading. Knowing WHEN and WHEN NOT to enter, when and when not to exit a position etc...

As for some good systems...there was a system from Huss called I think Forex rebellion. It was good in trending conditions, also Ribakov's SRS and pip carrier are both ok.

But TBH i dont know much about systems nowdays. I have had my own system called Black Widow..It was good but not for inexperienced traders.

I dropped the system in favor of other methods I use for trading. My methods are more "MANUAL" and I rely on my eyes and charts for entering/exiting positions.

Hmm also check Phoenix...Mission phoenix I think it was the name.
  • #403,415
  • Mar 9, 2011 9:40am Mar 9, 2011 9:40am
Quoting doughnut
I am trading the big picture we should see 400 pips to the down side within 10 days 1.27 by May
Yeah, I think that we might go back at 1.27, but with the tensions in middle east who knows eur might break the ceiling and go back to 1.50 level....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHART EURUSD 110224.JPG Size: 111 KB
Click to Enlarge Name: CHART EURUSD 110307.JPG Size: 101 KB
  • #403,416
  • Mar 9, 2011 9:42am Mar 9, 2011 9:42am
bastards ran me out, pity looks poised for a test of 3957/70, once 3941 gives way, anyway good luck, stop by later, PTL...
Attached Image
Look Sharp/Trade Tight
  • #403,417
  • Mar 9, 2011 9:45am Mar 9, 2011 9:45am
Quoting Sonofsin5
The day is young, and it was bought off 3900 for a reason. I agree though, we need more strength that what we have seen in the last 30 mins.

I should see 1.39 by the end of the day
  • #403,418
  • Mar 9, 2011 9:47am Mar 9, 2011 9:47am
Quoting PriceVolume
There are technical reasons, but POMO certainly didn't hurt. Which brings me to the question of the day.........what if there is no QE3? Or, what if there is a significant delay before QE3 is announced? Food for thought....

OPPPs....just realized you're talking about USD....thought you were talking about EU jump...sorry...
LOL ... I was but is this what your talking about?
http://www.newyorkfed.org/markets/po...play/index.cfm

And if so, then this is also what Cloggie was pointing out yesterday? I really don't understand this so can you tell me if this is good for the dollar????
  • #403,419
  • Mar 9, 2011 9:48am Mar 9, 2011 9:48am
Quoting T@rantula
I think every disciple of trading, every Forex trader needs to know basic patterns, candlesticks and s/r levels, then move on to western indicators.
For myself a good combination of PA indicators ( eastern candlesticks and western MAs ) is crucial thing in trading. Candlesticks are the very basics.
........................Well Said Mate............... "Quote of the Day"..................



We should be taught not to wait for inspiration to start a thing. Action always generates inspiration. Inspiration seldom generates action.
  • #403,420
  • Mar 9, 2011 9:50am Mar 9, 2011 9:50am
Quoting aarontdang
I should see 1.39 by the end of the day
You hope. We have been ranging for the last few major sessions, 3940 break is key to topside.
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